EWG vs. IOO
Compare and contrast key facts about iShares MSCI Germany ETF (EWG) and iShares Global 100 ETF (IOO).
EWG and IOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany Index. It was launched on Mar 12, 1996. IOO is a passively managed fund by iShares that tracks the performance of the S&P Global 100 Index. It was launched on Dec 5, 2000. Both EWG and IOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWG or IOO.
Key characteristics
| EWG | IOO | |
|---|---|---|
| YTD Return | 3.37% | 8.17% |
| 1Y Return | 8.43% | 24.32% |
| 3Y Return (Ann) | -1.81% | 9.60% |
| 5Y Return (Ann) | 4.19% | 14.12% |
| 10Y Return (Ann) | 2.26% | 10.75% |
| Sharpe Ratio | 0.61 | 2.05 |
| Daily Std Dev | 14.40% | 12.13% |
| Max Drawdown | -67.58% | -55.85% |
| Current Drawdown | -8.66% | -2.91% |
Correlation
The correlation between EWG and IOO is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EWG vs. IOO - Performance Comparison
In the year-to-date period, EWG achieves a 3.37% return, which is significantly lower than IOO's 8.17% return. Over the past 10 years, EWG has underperformed IOO with an annualized return of 2.26%, while IOO has yielded a comparatively higher 10.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWG vs. IOO - Expense Ratio Comparison
EWG has a 0.49% expense ratio, which is higher than IOO's 0.40% expense ratio.
Risk-Adjusted Performance
EWG vs. IOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Germany ETF (EWG) and iShares Global 100 ETF (IOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
EWG vs. IOO - Dividend Comparison
EWG's dividend yield for the trailing twelve months is around 2.48%, more than IOO's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWG iShares MSCI Germany ETF | 2.48% | 2.56% | 3.24% | 2.69% | 2.08% | 2.51% | 2.93% | 2.03% | 2.31% | 1.90% | 2.27% | 1.35% |
IOO iShares Global 100 ETF | 1.38% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% | 3.52% | 2.37% |
Drawdowns
EWG vs. IOO - Drawdown Comparison
The maximum EWG drawdown since its inception was -67.58%, which is greater than IOO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for EWG and IOO. For additional features, visit the drawdowns tool.
Volatility
EWG vs. IOO - Volatility Comparison
iShares MSCI Germany ETF (EWG) has a higher volatility of 4.16% compared to iShares Global 100 ETF (IOO) at 3.74%. This indicates that EWG's price experiences larger fluctuations and is considered to be riskier than IOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.